Zohbaby perhaps you could explain your theory of supply/demand. It's certainly different from my understanding of it. Buyers dictate price as much, if not more than, sellers. In any event the equilibrium price is a function of both.
And in cars, age is important - and the ever decreasing price of newer used cars affects older ones, regardless of the emotional state of the seller.
The boomers who purchased 1 million dollar Hemi Cudas at Barrett Jackson will find that the Echo cohort will not be as interested in their muscle car, and the price will decline. The huge production numbers of C5 ZO6's will mitigate any near term price increase, as long as GM produces new Corvettes of almost any option level.
But I agree that the C5 ZO6 is a great "value".
There will always be the LAW of supply and demand. My theoretical input is based on the positive manipulation of this law to benefit all those who own a C5 Z06.
Let’s just say if the C5 Z06 sold as stocks, the SEC would be so far up my ass, they could tell you what I had for breakfast last week.
The actual value of everything is determined by the value perceived by the buyers. The value of ownership is conceived by the experience of owning.
For Sale: 1972 "Flammable" Ford Pinto
Price reduced for quick sell due to bad press!
By selling the AWESOME experience of owning a C5 Z06 without actually selling, by default, the demand is increased. On the flipside, we as C5 Z06 owners, we own and control the supply. In fact, your last comment actually increase the perceived value of the C5 Z06.
Here is a case in point: De Beer Diamonds. They own a supply of diamonds so large that if they were to sell them all on the open market, the value of all other diamonds would just about become worthless. Instead, they control the supply while increasing the demand through the manipulation of both supply and demand. Think about it. A diamond is just a shiny rock that is perceived to be rare, when in reality, it is not. So, if they can manipulate both sides of said law, why can't we?
As for the BBs paying 1 Million for a Hemi Cuda at Barrett-Jackson, they increased the value of other Cudas by default. The chances of the BBs selling their Cudas for what they paid is slim but those who bought them new and used in the 70's, saw a substantial increase in value. The perception now is the Cuda, Daytona 500 and the Superbird are million dollar cars. Who wouldn't want one? The demand has been increased.
The main goal here is to increase the demand while keeping the supply limited. We as owners have the supply and the AWESOME experience of ownership. Just sell the AWESOME experience of owning and keep the supply. The more people who are not willing to sell their Z06, the perceptions of rarity are increased along with its value.
Also, the longer something is kept, the cost of ownership goes down and the value of ownership through experience goes up. Win/Win!
Now, imagine the reader who wants to buy a C5 Z06 tomorrow. He knows he can't have mine. Why won't I sell or trade it in on a Rustang? I'll tell you why. I know the AWESOME experience of owning a C5 Z06 and I can't put a price tag on that. Really? Can anyone who owns one go without imagining kicking themselves in the ass after they sell? I think not!
Like fish to water and birds to air, I was born to own and promote Corvettes! To this day, I still kick myself in the ass for selling my 89 Corvette. Once a Corvette owner, always a Corvette owner! How old were you when you knew you wanted a Corvette? I was 4 and here I am 43 years later wanting every make, model and color ever built.
Final thought: An ounce of gold is worth less than a glass of water in the middle of a desert. On that note, I need another beer!